Obverse: Laureate head of Licinius I, facing right.
Reverse: Legend: V O / T I S / X X.
Licinius was Roman emperor from 308 to 324. He was suddenly elevated to the rank of Augustus in 308 by his friend Galerius, who had become emperor. Galerius expected him to rule the West, but since Italy, Africa, and Spain were held by the usurper Maxentius, while Constantine reigned in Gaul and Britain, Licinius had to settle for ruling Pannonia. When Galerius died in 311, Licinius took control of Galerius's European domains. He married Constantia, half-sister of Constantine, in 313, and that same year defeated the Eastern emperor Maximinus at Tzurulum, pursuing him into Asia, where Maximinus died. Licinius thus added the entire eastern half of the empire to his domain. After a brief agreement between the two Augusti, Constantine forced Licinius to cede the provinces of Pannonia and Moesia. Ten years of tense peace followed, during which Licinius strengthened his army and accumulated a vast treasure reserve. In 324, Constantine defeated him at Adrianople and again at Chrysopolis (modern Üsküdar, Turkey). Licinius surrendered, was exiled to Thessalonica, and executed the following year on charges of attempting a rebellion.
- Composition: Bronze
- Denomination: Follis
- Date: 320–321 A.D.
